Welcome to our dedicated page for Lam Research news (Ticker: LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research stock.
Lam Research Corporation (LRCX) is a global leader in semiconductor manufacturing equipment, specializing in precision deposition and etch technologies essential for advanced chip production. This dedicated news hub provides investors and industry professionals with timely updates on LRCX's strategic developments, financial performance, and technological innovations.
Access official press releases, earnings reports, and analysis of key initiatives shaping the wafer fabrication landscape. Our curated collection covers critical updates including equipment launches, strategic partnerships, and process technology advancements that drive the semiconductor industry forward.
Stay informed about LRCX's role in enabling next-generation memory and logic devices through its cutting-edge solutions. The resource is regularly updated to serve as your primary reference for understanding Lam Research's market position and operational milestones.
Bookmark this page for streamlined access to verified LRCX developments impacting semiconductor manufacturing efficiency, device scaling challenges, and industry leadership in deposition/etch systems.
Lam Research published its 2020 Environmental, Social, and Governance (ESG) report, outlining significant advancements in sustainability and community support. Key goals include operating on 100% renewable energy by 2030 and achieving net-zero carbon emissions by 2050. In 2020, the company implemented measures for COVID-19 relief, ensuring workplace safety, and promoting inclusion and diversity among employees. Notably, the COVID-19 relief commitment totaled $25 million, and key innovations in product design reduced environmental impact. Lam also closed a $1.5 billion sustainability-linked credit facility to support its ESG objectives.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in two key investor conferences. Doug Bettinger, Executive Vice President and CFO, will present at the Evercore TMT Conference on June 9, 2021, at 8:00 a.m. PT and at the Bank of America 2021 Global Technology Conference on June 10, 2021, at 7:45 a.m. PT. Live webcasts will be accessible via Lam's website, with replays available for two weeks post-event. Lam Research is a leading supplier of wafer fabrication equipment, pivotal in advanced chip manufacturing.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the Bernstein Strategic Decisions Conference on June 3, 2021, at 11:30 a.m. PT. Tim Archer, the President and CEO, will represent the company.
A live webcast of the event will be accessible on Lam's website, with a replay available for two weeks afterward. Lam Research is a pivotal supplier in the semiconductor industry, involved in wafer fabrication equipment and services. It is headquartered in Fremont, California, and is recognized as a FORTUNE 500® company.
Lam Research Corporation (LRCX) announced the redemption of its 2.625% Senior Convertible Notes due 2041, effective May 21, 2021. Holders will receive a redemption price of $1,002.35 per $1,000 principal, which includes accrued regular interest of $0.44 and contingent interest of $1.91 for the period from May 15 to May 21, 2021. The notes can be converted into 31.8009 shares of common stock per $1,000 principal before the redemption date. This announcement follows a notice of redemption issued earlier and does not constitute an offer for securities.
On May 13, 2021, Lam Research Corporation (LRCX) announced a quarterly dividend of $1.30 per share, payable on July 7, 2021, to shareholders of record on June 16, 2021. This decision underscores the company's commitment to returning value to its investors. Future dividends will be subject to Board review. Lam Research is a key player in the semiconductor industry, providing innovative wafer fabrication equipment globally, emphasizing its strategy to enhance device performance.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the JP Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 11:10 a.m. Pacific Time. Doug Bettinger, the Executive Vice President and CFO, will represent the company. A live webcast of the event will be accessible through the Investors’ section of Lam's website, with a replay available for two weeks post-presentation. Lam Research is a significant supplier of wafer fabrication equipment to the semiconductor industry, and its technology is integral to advanced chip production.
Lam Research reported strong financial results for the quarter ending March 28, 2021, with revenue of $3.85 billion, a 46.3% gross margin, and diluted EPS of $7.41 on a GAAP basis, reflecting an 11% revenue increase from the previous quarter. Non-GAAP results showed a similar revenue figure with a diluted EPS of $7.49. Operating income rose to 31.1% of revenue. Cash and cash equivalents decreased to $6 billion due to significant share repurchases and dividends. The company expects revenue of $4 billion for the next quarter, indicating continued growth.
Lam Research Corp. (NASDAQ: LRCX) announced its quarterly financial conference call scheduled for April 21, 2021, at 2:00 PM PT. Investors can access the call via the company's website, with a replay available three hours post-conclusion. Lam Research is a leading supplier of wafer fabrication equipment to the semiconductor industry, playing a crucial role in the production of advanced chips globally. The company is headquartered in Fremont, California, and is part of the FORTUNE 500.
Lam Research (Nasdaq: LRCX) announced a notice of redemption for all 2.625% Senior Convertible Notes due 2041 issued by its subsidiary Novellus Systems, Inc. The redemption date is set for May 21, 2021, at a price equal to 100% of the principal plus accrued interest. Holders can convert the notes into shares at a rate of 31.8009 shares of LRCX per $1,000 principal amount before the redemption date. The company will instruct the trustee to notify noteholders of the redemption terms.
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